Demco PCL (BKK:DEMCO-R) Cyclically Adjusted Price-to-FCF: (As of Sep. 06, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:DEMCO-R Demco PCL BKK:DEMCO-R
37 GF Score
Price ฿3.48
GF Value ฿1.49
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Demco PCL Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Demco PCL  (BKK:DEMCO-R) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Demco PCL Cyclically Adjusted Price-to-FCF Related Terms


Demco PCL Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Demco PCL's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Demco PCL Cyclically Adjusted Price-to-FCF Chart

Demco PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Price-to-FCF
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Demco PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

BKK:DEMCO-R vs PWR, FIX, EME: Cyclically Adjusted Price-to-FCF Comparison

For the Engineering & Construction subindustry, Demco PCL's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Demco PCL Cyclically Adjusted Price-to-FCF vs Construction Industry

For the Construction industry and Industrials sector, Demco PCL's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Demco PCL's Cyclically Adjusted Price-to-FCF falls into.


BKK:DEMCO-R
37GF Score
Demco PCL BKK:DEMCO-R
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Demco PCL Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Demco PCL's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Demco PCL's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.081/333.9520*333.9520
=0.081

Current CPI (Jun. 2026) = 333.9520.

Demco PCL Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.203 241.428 -0.281
201612 0.632 241.432 0.874
201703 -0.428 243.801 -0.586
201706 0.212 244.955 0.289
201709 0.144 246.819 0.195
201712 0.369 246.524 0.500
201803 -0.069 249.554 -0.092
201806 -0.221 251.989 -0.293
201809 0.113 252.439 0.149
201812 0.125 251.233 0.166
201903 -0.058 254.202 -0.076
201906 -0.114 256.143 -0.149
201909 -0.345 256.759 -0.449
201912 -0.135 256.974 -0.175
202003 -0.211 258.115 -0.273
202006 -0.211 257.797 -0.273
202009 0.141 260.280 0.181
202012 0.359 260.474 0.460
202103 -0.123 264.877 -0.155
202106 -0.125 271.696 -0.154
202109 -0.148 274.310 -0.180
202112 0.198 278.802 0.237
202203 -0.193 287.504 -0.224
202206 0.010 296.311 0.011
202209 -0.093 296.808 -0.105
202212 -0.252 296.797 -0.284
202303 0.136 301.836 0.150
202306 -0.106 305.109 -0.116
202309 -0.015 307.789 -0.016
202312 0.269 306.746 0.293
202403 -0.174 312.332 -0.186
202406 -0.448 314.175 -0.476
202409 -0.007 315.301 -0.007
202412 0.288 315.605 0.305
202503 -0.077 319.799 -0.080
202506 -0.141 322.561 -0.146
202509 0.109 324.800 0.112
202512 0.046 324.054 0.047
202603 -0.027 330.213 -0.027
202606 0.081 333.952 0.081

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Demco PCL (BKK:DEMCO-R) Overvalued in 2026?

Based on GuruFocus' analysis, Demco PCL stock appears to be overvalued. The current stock price of ฿3.48 is trading 133.5% above its estimated GF Value™ of ฿1.49. GuruFocus considers Demco PCL to be Significantly Overvalued.

Key valuation signals for BKK:DEMCO-R:

  • Cyclically Adjusted Price-to-FCF:
  • GF Value™: ฿1.49 vs. price of ฿3.48 (133.5% above fair value)
  • GF Score™: 37/100 with 7 warning signs

No single metric tells the full story. See the BKK:DEMCO-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Demco PCL Business Description

Other Exchanges DEMCO:Thailand
Address 59 Moo 1, Suanphrikthai, Muang, Pathumthani, THA, 12000
Demco PCL engages in the provision of electric system construction, all service works in the field of electric engineering and telecommunication engineering, sale of electric systems equipment and construction materials, including investment in projects of renewable energy and utilities system. Its segments are Sales, Electrical work services, Sales and providing service to biomass power plants, Engagement work services, Electricity from solar power and Others. The majority revenue is from the Electrical work services segment, which includes Designing, constructing, and managing electrical work on a complete service basis.
37GF Score

Get the complete analysis for BKK:DEMCO-R

Cyclically Adjusted Price-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿3.48
Price
฿1.49
GF Value